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Journal : Journal of International Conference Proceedings

Leveraging Waqf Land for Enhancing Food Security Initiatives: Best Practices and Strategic Recommendations Yusoff, Rahmawati Mohd; Kader, Sharifah Zubaidah Syed Abdul; Arshad, Azhani; Halim, Akmal Hidayah; Rosli, Mohd Rilizam; Baharudin, Mohammad Hidir; Mohd Hafiz, Siti Mahfudzoh
Journal of International Conference Proceedings Vol 7, No 3 (2024): 2024 Global Waqf Conference Proceeding
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v7i3.3729

Abstract

Malaysia's population, estimated at 33.7 million in 2023, continues to grow with an annual population growth rate of 0.2 per cent, thus increasing the need for robust food security measures. Despite this, the country struggles with self-sufficiency in basic food production, heavily relying on imports, which resulted in a food trade deficit increased to RM31 billion in 2022 compared to RM25 billion deficit in 2021. Conversely, waqf, an Islamic endowment, presents a unique opportunity for wealth distribution and societal benefit. However, current governance practices in waqf institutions suffer from inadequate management, transparency, and skilled human resources, resulting in the proliferation of idle waqf lands. If effectively strategized, these lands could be optimally utilized for national food security initiatives in Malaysia. This study aims to explore successful global best practices in maximizing waqf land for food security. Examples are including legal reforms to harmonize the regulatory framework governing waqf properties, adopting more flexible and innovative financial models such as PPPs, cash waqf and corporate waqf, through community involvement, using of modern technology and innovative farming techniques such as Geographic Information Systems (GIS), blockchain, and precision agriculture, and so on. The research adopts a qualitative approach, analyzing primary and secondary materials through governing statutes, reported cases, semi-structured interviews, and data from respective administrative bodies. Aligning with national policies like the Shared Prosperity Vision 2030 and the National Agrofood Policy 2.0, this study aims to provide best practices and lessons learned, as well as recommendations for legal frameworks, strategies, policies, and guidelines to enhance sustainable agriculture and community welfare. The ultimate goal is to ensure a secure and sustainable food supply in Malaysia
Waqf As a Sustainable Solution: Addressing Climate Change Impacts on Real Estate Through Perpetual Endowment and Community Benefit Abdul Kader, Sharifah Zubaidah Syed; Baharudin, Mohammad Hidir; binti Mustafa, Maizatun; Mohd Yusoff, Rahmawati; binti Abdul Manaf, Zati Ilham; Djafri, Fares
Journal of International Conference Proceedings Vol 7, No 3 (2024): 2024 Global Waqf Conference Proceeding
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v7i3.3724

Abstract

Climate change poses significant risks to real estate, including extreme weather events, rising sea levels, and shifting climate patterns, threatening property integrity, and market value, and increasing maintenance and insurance costs. Traditional real estate markets often react, resulting in inadequate short-term solutions. In contrast, waqf, which focuses on everlasting endowment and communal benefit, provides a proactive and comprehensive approach to the management of real assets. Sustainability and long-term management in waqf can mitigate property price impacts. This study aims to explore the potential of waqf in addressing climate change impacts on real estate, emphasizing how its principles can be leveraged to enhance resilience and sustainability in the real estate sector. The research adopts a qualitative approach, analyzing primary and secondary materials through governing statutes, reported cases, and data from respective administrative bodies. This study finds waqf properties can be designated for uses promoting environmental sustainability, such as green spaces, conservation areas, and sustainable agriculture. By preserving natural environments, waqf properties can buffer against climate-related disasters, protecting nearby real estate and maintaining property values. In addition, waqf can provide financial assistance for climate adaptation and mitigation initiatives by reinvesting income into projects that improve climate resilience, such as improvements to infrastructure, energy-efficient building retrofits, and the development of early warning platforms. However, integrating waqf in addressing climate change impacts faces challenges, including legal and administrative hurdles, lack of awareness, and the need for capacity building. All in all, by leveraging its principles of sustainability, community benefit, and long-term stewardship, waqf can enhance the resilience of real estate assets and contribute to sustainable urban development